Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
Senior Vice President of PBF Energy Inc (NYSE:PBF), Thomas L O Connor, sold 60,000 shares of Class A Common Stock on September 25 and 26, 2025, at a price of $34.00, totaling $2,040,000. The sale occurred near PBF’s 52-week high of $34.29, with the stock showing remarkable momentum, gaining over 67% in the past six months.
According to a Form 4 filing with the Securities and Exchange Commission, the transactions occurred in two separate sales. On September 25, O Connor sold 30,000 shares. The following day, September 26, the Senior Vice President sold an additional 30,000 shares. InvestingPro analysis reveals that PBF Energy, currently valued at $3.6 billion, has been delivering strong returns despite operating with significant debt concerns.
On the same day, O Connor exercised options to acquire 30,000 shares of PBF Energy’s Class A Common Stock at $30.89, for a total value of $926,700. These options, granted on October 27, 2015, were scheduled to expire on October 27, 2025.
Following these transactions, O Connor directly owns 177,984 shares of PBF Energy Inc.
In other recent news, PBF Energy reported a narrower-than-expected loss for the second quarter of 2025. The company’s earnings per share were recorded at -$1.03, surpassing the forecasted -$1.11. Additionally, PBF Energy’s revenue exceeded expectations, reaching $7.48 billion compared to the anticipated $6.98 billion. In another development, UBS raised its price target for PBF Energy to $37.00 from $28.00 while maintaining a Buy rating. This adjustment comes amid a decrease in Russian refined product exports. Furthermore, PBF Energy announced a change in its executive team, with Joseph Marino set to become the new Chief Financial Officer effective October 1, 2025. The current CFO, Karen B. Davis, will retire from her role but will rejoin the company’s Board of Directors. These recent developments provide investors with key insights into PBF Energy’s financial performance and strategic direction.
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